Question
Market demand for some product is given by P=100 - Q. A sole firm makes the product and has the cost curve TC = 100
Market demand for some product is given by P=100 - Q. A sole firm makes the product and has the cost curve TC = 100 + 10Q + Q2 (and therefore has MC = 10 + 2Q). Find the firm's profit maximizing quantity of output.
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
